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Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
 COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing operations (before tax, non operational / exceptional items) up by 66% to £ 13.01m from £7.83m in 2010 for the year ended 31 March 2011, according to the statement posted on the company's web site.
"OPG made significant progress in the year, with the successful commissioning of the 77 MW Chennai I facility and substantial advancement of the development pipeline that is set to deliver in excess of 742 MW by 2013, for which we are fully funded, and a total 1250 MW of capacity by 2015", said M.C.Gupta, Chairman of OPG.
OPG is a Group Captive producer of thermal power with a current operating capacity of 107 MW. A further 537 MW is under construction or development with all of this capacity scheduled to come on-stream during 2012 and 2013. Another 600 MW is in the pipeline, giving a projected total capacity of 1250 MW by 2015, a greater than tenfold increase from the current position.
"The year ended 31 March 2011 was a landmark year for OPG, with the successful commissioning of the Group's first major project of 77 MW", Chief Executive's statement posted on web site.
Indian power market remains in deficit
According to OPG, despite volatility elsewhere in the global economy, India's GDP is expected to continue to grow at around 8% in the coming years, resulting in annual power demand growth of 10%. India's total planned capacity additions as at 31 March 2011 were only 52% of the targeted 78,000 MW and there remains an expected shortfall of 30-35% versus the target by March 2012. This trend points towards continuing and increasing power production deficits which currently run at about 10%.
OPG maintains flexibility in its procurement of coal
OPG is planning to secure its fuel supplies from domestic as well as from overseas. 70% of OPG's projects under development have committed supplies of Indian coal, with the remaining 30% utilizing imported coal. This balance of supply has enabled OPG to establish close working relationships with both domestic and imported coal suppliers, thereby mitigating the threat of coal not being available from any one source, company said in its website.
With coal in relatively short supply, the Indian power sector has unsurprisingly experienced upward price pressure for this key input to the power business. Most Indian power producers, unlike OPG, are reliant on obtaining coal either from the development of coal blocks or entirely on imported coal.
OPG expects the coal prices to remain firm in the short term given the current economic growth rates in Asia, although prices should eventually stabilize in the medium term as coal supplies and demand fall more into line.
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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
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